Forum Discussion

Camboitis's avatar
Camboitis
Member
1 year ago

Landed Cost Variance

Can anyone explain to me why some entries go to landed cost accrual/stock and some go to landed cost variance?  I cant work out any rhyme or reason for it.
Carl_ProSpend's avatar
Carl_ProSpend
Experienced User
1 year ago

If you receive the landed cost document and the associated goods are no longer in the warehouse, for example already shipped to a customer, then the land cost cannot be associated to the inventory item as its cost of goods sold was already decided at shipment, therefore the landed cost variance account is used. 

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